S&P 500 ends near flat; utilities drop, focus on rate outlook
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StreetInsider.com Top Tickers, 9/4/2026
- Wall St slides after strong jobs report bolsters hawkish Fed bets
- US nonfarm payrolls surge in August; unemployment rate steady at 4.1%
- BofA's Hartnett says stay long commodities and gold as 'policy panic' works
- Oil slides on Friday, heads for weekly gain on US-Iran fight
- TikTok owner ByteDance said to secure $29.6bn loan for AI push
- After-Hours Movers: LULU, IOT, PATH, DOCU, ASAN, GWRE, ZS, PL, SWBI, OXM
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Buy this asset class as Wall Street is 'stuck' says BofA quant strategist
October 2, 2023 10:56 AM EDTWall Street is bearish and stuck, according to BofA equity and quant strategist Savita Subramanian in a note Monday.
Subramanian told investors to buy stocks and sell bonds as Wall Street is "conviction-less," and sentiment is unchanged since July despite the macro drama.
"Our Sell Side Indicator (SSI) is a contrarian sentiment barometer that tracks sell side strategists' average recommended... More
